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Will Toyota (TM) Stock Be Helped by ‘Top Automaker’ Title?

NEW YORK (TheStreet) -- Toyota Motor Corp. (TM - Get Report) is the world's largest automaker for the 2015 third quarter, reclaiming the title from rival Volkswagen (VLKAY), with almost 7.5 million vehicles sold in the first nine months of 2015, USA Today reports.

The Japanese vehicle maker's results for the first nine months of the year decline 1.5% when compared to the same period in 2014.

Volkswagen sales also declined by 1.5% with 7.43 million vehicles sold so far this year.

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Last week, Toyota announced it is recalling 6.5 million vehicles worldwide in order to fix a defective power window switch. The switch can overheat, melt and potentially cause a fire, the Associated Press reported.

The recall includes 2.7 million vehicles in North America, 1.2 million in Europe and 600,000 in Japan.

Shares of Toyota are down by 0.32% to $125.34 at the start of trading on Monday morning.

Separately, TheStreet Ratings team rates TOYOTA MOTOR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to...